Gooding and Company Pebble Beach 2016 – Auction Results

The Gooding and Company Pebble Beach 2016 auction was held August 20-21 at the Pebble Beach Equestrian Center in California, resulting in total sales of $129.8 million and an 83 percent sell-through rate. The total represents a two-day sales company record and an average of $1,128,606 per car.

“To break $129 million in just two days is astounding and speaks to this year’s distinguished offering. Our clients recognize that we carefully curate our auctions to showcase the highest quality,” said David Gooding, President and Founder of Gooding & Company. “We appreciate their patronage and support, as we achieved our most successful sale to date. I look forward to seeing all of you in 2017.”

During the 2016 Pebble Beach auction weekend, Gooding and Company sold 26 cars for more than the $1 million, including four vehicles over $10 million. Numerous world records were broken for multiple marques, including the 1959 Ferrari 250 GT LWB California Spider Competizione that sold for $18,150,000, the 1933 Alfa Romeo 8C 2300 Monza that sold for $11,990,000, the 1932 Bugatti Type 55 Roadster that sold for $10,400,000 — the highest price ever achieved for a Bugatti sold at auction, the 1979 Porsche 935 that sold for $4,840,000, the 1957 Maserati A6G/54 that sold for $3,300,000 and the 1930 Packard 734 Speedster Runabout that sold for $2,090,000.